The article aims to study the peculiarities of the conversational style with evidence from Kalmyk fairy tales recorded by the Finnish scholar G. J. Ramstedt. The purpose of the paper is to identify elements of the conversational style within folklore texts. Such research seems to be important enough due to the fact that linguistic and stylistic aspects of the conversational style both in folklore texts and the colloquial Kalmyk language have not generally been subject of any special studies. With evidence from fairy tale texts phonetically transcribed by G. J. Ramstedt, phonetic, lexical, phraseological, morphological and syntactic norms typical for the conversational style of Kalmyk are considered. The folklore texts contain a great number of elements characteristic of the conversational style at all levels of colloquial Kalmyk, such as ellipsis of vowel and consonant sounds, use of colloquial words and phrases, interjections, incomplete sentences, parcelings, etc. The analysis of the materials allows to conclude as follows: 1) creation of fairy tale texts is characterized by a low level of spontaneity, 2) fairy tale telling process is full of elements typical for the conversational style at all levels of colloquial Kalmyk, such as ellipsis of vowel and consonant sounds, use of colloquial words and phrases, interjections, incomplete sentences, parcelings, etc., 3) the informants are speakers of the Dorbet sub-dialect.